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By admin_mrketsIn ForexPosted July 30, 2021

CADJPY Facing bullish pressure | 30 July 2021

CADJPY is currently pushing higher. With technical indicators showing room for further bullish momentum, a further push up above our entry at 87.930 where we have moving average support and also 23.6% Fibonacci retracement could be possible. Upside target would be at 88.445 where we have Fibonacci confluence zone with...

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By admin_mrketsIn ForexPosted July 30, 2021

GBPUSD Facing bullish pressure | 30 July 2021

GBPUSD is currently holding above ascending trendline support. A further push up above our entry at 1.39490, where we have 23.6% Fibonacci retracement towards our take profit at 1.40202 where we have -27.2% Fibonacci retracement could be possible. Technical indicators are showing room for further bullish momentum as well Any...

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By admin_mrketsIn ForexPosted July 30, 2021

EURUSD H4 pullback, potential for further upside

Price is pulling back to 1.18614, in-line with 23.6% Fibonacci Retracement , 61.8% Fibonacci Extension and 200MA. We could potentially see it bounce to further upside to resistance at 1.19324, in-line with -27.2% and 78.6% Fibonacci Retracement . If prices drop, it will find support at 1.17723, in-line with 78.6%...

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By admin_mrketsIn ForexPosted July 30, 2021

NZDUSD facing bearish pressure | 30th July 2021

NZDUSD reversing from sell entry, in line with 100% Fibonacci resistance, and is likely to fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Stochastic approaching hidden resistance. Any opinions, news, research, analyses, prices,...

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By admin_mrketsIn ForexPosted July 30, 2021

NZDJPY likely to face bearish pressure|29 July 2021

NZDJPY is approaching sell entry at 76.516 which is in line with horizontal pullback support, 38.2% Fibonacci retracement and 61.8% Fibonacci extension . Should price break this level, we can expect price to plunge further and take support at the horizontal swing low support at 75.7680 in line with 78.6%...

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By admin_mrketsIn ForexPosted July 30, 2021

USDJPY facing bearish pressure | 29th July 2021

Price is testing the horizontal overlap resistance at 109.559 which coincides with the 61.8% Fibonacci retracement and the 100% FIbonacci extension . We can expect price to reverse off this region to take support at the horizontal swing low level in line with our 161.8% Fibonacci extension . In addition...

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By admin_mrketsIn ForexPosted July 29, 2021

AMZN Charts Lower Peak on Daily Ahead of Quartelies

The above chart shows the daily time frame for AMZN. Price action has charted a lower peak ahead of the company’s quarterly release. It seems it's at a tipping point in the short term. If price continues lower along the broken red line trajectory a lower trough will chart. This...

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By admin_mrketsIn ForexPosted July 29, 2021

EURUSD H4 coming into resistance, potential for drop

Price is at resistance area , in-line with 100% Fibonacci Extension where we could potentially see it pull back to retest horizontal overlap support at 1.18208, in-line with 38.2% Fibonacci Retracement and 61.8% Fibonacci Extension . If price bounce above pivot ,it would swing towards resistance at 1.18874, in-line with...

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By admin_mrketsIn ForexPosted July 29, 2021

USDCAD Facing bearish pressure | 29 July 2021

USDCAD currently in a long term down trend and has just broken out of the channel to the downside. A further drop below 38.2% Fibonacci retracement at our entry 1.25293 towards long term graphical swing low support at 1.24232 could be possible. Technical indicators are showing room for further bearish...

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By admin_mrketsIn ForexPosted July 29, 2021

CHFJPY approaching bearish reversal | 29th July 2021

CHFJPY is approaching sell entry, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Indicator supporting bearish...

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